Posted on 03/29/2022 6:47:11 AM PDT by Oldeconomybuyer
The head of the UN’s flagship climate fund has warned that it will have to reject emissions-cutting projects if its donors do not provide more resources.
Campaigners blamed the US for these potential cut-backs. Action Aid’s policy director Brandon Wu told Climate Home News: “If the GCF needs to limit its operations in the near future due to lack of funding, it’s hard to find any single country more at fault than the United States”.
The US owes the GCF $2 billion. In 2014, then president Barack Obama promised the fund $3bn but only handed over $1bn before the end of his term. His successor Donald Trump did not give any money to the GCF and, so far, neither has Joe Biden.
Earlier this month, the US Congress approved a 2022 spending bill with a mere $1bn for international climate finance and no money for the GCF. Biden had requested Congress to approve $1.25bn for the fund but negotiations brought the amount down to zero.
On Monday, the Biden administration published its request to Congress for the 2023 fiscal year, which includes $1.6bn for the GCF. Erika Lennon, a senior attorney at the Centre for International Environmental Law who attends GCF board meetings on behalf of civil society, told Climate Home this was a "paltry" amount.
Lennon reiterated campaigners' demand for the White House to deliver $8bn to the GCF. That would cover its $2bn debt plus $6bn to bring the US in step with other donor countries, which doubled their contributions to the fund during its first replenishment in 2019. Collectively, EU member states have delivered more than $9bn to the fund.
(Excerpt) Read more at climatechangenews.com ...
If the rest of the world can be dead beats funding UN, NATO and all the pet projects, the US can be a dead beat on climate.
They say this like it s bad news. If only all the other UN projects were financially on death’s door...
So Obama promised them money. Congress obviously did not appropriate the funds. Now we “owe” them?????
“If the GCF needs to limit its operations in the near future due to lack of funding, it’s hard to find any single country more at fault than the United States”.
“His successor Donald Trump did not give any money to the GCF and, so far, neither has Joe Biden. “
~~~
They must not have given Hunter a cushy board position. How silly. Everyone knows the game. Not this Brandon
They should ask Obama for money since he’s the one who promised $3 billion to them.
YOU KNOW...the US will eventually contribute to the fund...as soon as the details for the Big Guy’s 10% cut are worked out.
So Obama promised them money. Congress obviously did not appropriate the funds. Now we “owe” them?????
____________________________
Sounds to me like Obama “owes” them.
MAYBE? Remember Margaret Thatcher? OPM?
They shake down every entity they can for money to "protect" them from the bogeyman.
Should all be arrested and jailed for racketeering.
MUSIC TO MY EARS!!!
F^^k the UN and the rest of the deadbeat countries out there! If this is so important then they should pay SOMETHING. Just a bunch of grifters trying to take down the US.
Where’s Congress on this?
Get it from Obama. Garnish his book and Netflix money.
You mean, they've found something that Joe Biden has done right?
I would like to see a list of climate change projects that are in the works. With timelines, funding, risk management and critical success factors.
The UN should start paying property taxes on the property at Turtle Bay.
It was never any presidents appropriation to make. The executive branch cannot originate spending bills.
The place would look nicer too.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.